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true or false Countries create quotas and tariffs in order to increase the volume of trade with their neighbors.

2 Answers

3 votes

Answer:

False

Step-by-step explanation:

User Skullomania
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3 votes

Answer:

False

Step-by-step explanation:

Quotas refer to a type of trade restriction that limit the number of goods and services that can be imported into a country in a given period of time. This is done in order to reduce imports and increase local or domestic production or industries.

Tariffs are taxes imposed on imported goods and services. Tariffs are imposed on imported goods in order to encourage local industries.

User Lfkwtz
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